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BEIJING, Nov. 28 (Xinhua) -- China has vowed to maintain its macroeconomic policy stance in 2010 despite worries that its stimulus is likely to risk fueling new bubbles and overcapacity.     A meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee agreed Friday that the country will continue the proactive fiscal policy and moderately easy monetary policy next year.     "It is a must for the country to stick to the pro-growth policy stance," said Zhang Liqun, a researcher with the Development Research Center of the State Council, one of China's top think tanks.     "A guarantee to the 8-percent growth target this year does not mean the national economy has been on an independent and stable developing track," Zhang said.     Many uncertainties, both at home and abroad, still weighed on China's economy and it was quite necessary for the government to maintain its policy stance, said Feng Fei, a senior researcher at the Development Research Center of the State Council.     China's economic growth has approached its pre-crisis level a year after the adoption of the 4-trillion-yuan (585.6 billion U.S. dollars) economic stimulus package.     The country's economy grew 8.9 percent year on year in the third quarter this year, accelerating from 7.9 percent in the second quarter and 6.1 percent in the first quarter. In the third quarter last year, it increased 9 percent year on year.     However, the country's strategy has raised concern that loose money could inflate prices of stocks and housing, build up unneeded factories and saddle the economy with bad debts.     Although the current stimulus package had side effects, it was not the time for retreat, said Zhuang Jian, a senior economist with the Asian Development Bank.     The government should be aware of the hidden trauma in economic growth and be ready at all time for popping-up problems by improving the policy flexibility, he said.     It was important to enhance the flexibility and focus of macro regulation, considering the inflationary expectations, assets bubble risk and rapidly changing economic situation, Feng said.     The Political Bureau vowed to enhance the focus and flexibility of economic policy in the following year according to new situations. It would also further implement and enrich the economic stimulus package to make the economy grow in a more stable, balanced and sustainable way.     Bureau members agreed the government would maintain continuity and stability in its macroeconomic policies, according to a statement released after the meeting.     The barely-changed wording in the statement of the meeting, convened ahead of the annual Central Economic Work Conference, would set the tone for next year's economic work, said Wang Tongsan, a senior researcher with the Chinese Academy of Social Sciences.     He noted that the "five highlights" in the statement would be mid- and long-term strategy for economic and social development in China, which would enable the country to grab the opportunity during the crisis.     The country would step up efforts to improve the quality and efficiency of economic growth, to promote the transformation of the economic development pattern and structural adjustments and to promote innovation and reform and opening up to enhance the vigor and momentum of economic growth, the statement said.     It also urged more efforts to improve people's livelihood and maintain social stability, and to coordinate the domestic and international situation.

SHANGHAI, Dec. 4 (Xinhua) -- Canada would like to further economic ties with China, said visiting Canadian Prime Minister Stephen Harper here on Friday.     Harper announced the launch of four new trade offices in China by the Canadian government in cooperation with the Canadian Commercial Cooperation at a welcome banquet here Friday night. Canadian Prime Minister Stephen Harper delivers a speech at the Canada-China 100-year-trade banquet in Shanghai, east China, Dec. 4, 2009.Addressing the banquet, Harper said, this announcement is a concrete step Canada is taking toward enhancing and expanding its economic ties with China.     The new offices are in addition to the two International Trade Minister Day launched in April, said Harper, adding that "Together, they will enhance our ability to support even more commercial links in exports, investment and innovation between our two countries."     According to Harper, since 2005 alone, two-way merchandise trade between the two countries has grown steadily each year by an average of more than 14 percent. During this period, Canadian exports to China have grown by more than 3 billion dollars.     The total bilateral trade is now valued at over 53 billion dollars. China is Canada's second largest merchandise trading partner and third largest export market. Canadian Prime Minister Stephen Harper delivers a speech at the Canada-China 100-year-trade banquet in Shanghai, east China, Dec. 4, 2009Harper said, to help growing this relationship, the Canadian government has recently dedicated over a billion dollars into trade infrastructure on the pacific coast--the Asia-Pacific Gateway, which is an integrated system of ports, airports, road and rail connections that link Asia deep into the heart of the North American marketplace.     Facing the economic downturn, both Canada and China have been strong contributors to the collective efforts of the G20 to foster a genuine, global recovery, said Harper, noting that both countries need to keep voices strong and united at the G20 table.     "I look forward to welcoming President Hu to Canada next year when we host the next meeting of G20."     In June 2010, Canada will host the G8 summit in the Muskoka region of central Ontario and also co-host a G20 summit there with the Republic of Korea.     Harper also stressed the importance to remove protectionist barriers and ease trade restrictions, saying that pursuing freer trade is the most effective "antidote" to the current crisis.     By announcing Canada's second-round funding under the Asia-Pacific Partnership on Clean Development and Climate, Harper vowed to enhance energy cooperation with China.     With the second phase of projects, Canada will have invested in twenty-eight clean technology projects worldwide, including fourteen new projects in or of benefit to China, said Harper.     The welcome banquet, co-hosted by Canadian Chamber of Commerce in Shanghai and Canada-China Business Council, was held to mark the one hundredth anniversary of the launch of Canada's Trade Commissioner Service in Shanghai.

BEIJING, Nov. 26 (Xinhua) -- China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE).     Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up one deal into several smaller ones to dodge limits on the size of exchange transfer by one person, which is understood to be one of the channels for hot money inflow, said the statement on Wednesday.     Practices including one overseas individual or institution remitting foreign exchange to five or more individuals within China who settle them respectively, or five or more individuals buying foreign exchange and remitting them to one and the same overseas individual or institution, on a single day, every other day or consecutive days, are considered exchange splitting behavior, said the SAFE.     China in 2007 set the limit of up to 50,000 U.S. dollars per year for an individual to exchange between yuan and foreign exchange.

BEIJING, Dec. 2 (Xinhua) -- Heavy fog faded in most Chinese provinces after a cold front from Siberia moving south cleared up the sky on Wednesday. As a result, road, river and air traffic was finally restored after days of disruption in many parts of China.     Traffic on the Beijing-Hangzhou Grand Canal resumed at noon after 11 hours of closure, said an official from Yangzhou City of east China's Jiangsu Province Wednesday.     Nearly 100 vessels stranded in Yangzhou have entered the Yangtze River. Highrise buildings are seen shrouded by heavy fog at the financial district of Shanghai, east China, Dec. 2, 2009    But sea areas off Shanghai were still shrouded by heavy fog. In the first three quarters of this year, Shanghai Maritime Safety Administration reported 32 accidents in its administrative area, in which 13 vessels were wrecked and 20 people went missing. Direct economic loss was estimated at 39 million yuan (about five million U.S. dollars).     The administration reminded passing vessels to be ready for emergencies because of the bad weather.     Visibility in east China's Shandong Province rose to more than 1,000 meters. Delayed flights and closed highways had been resumed, said the provincial meteorological bureau.     However, the heavy fog staggered in east China's Anhui Province, north China's Shanxi Province and northwest China's Shaanxi Province on Wednesday.     Visibility was 200 to 50 meters in most parts of Anhui, where police had to reinforce traffic control on highways.     Two of the three flights canceled on Tuesday in Hefei City tookoff Wednesday, though some other flights were delayed.     Visibility in Shanxi was 100 to 20 meters on Wednesday. Flights at the Airport of Yuncheng in Shanxi were postponed.

KUALA LUMPUR, Nov. 10 (Xinhua) -- The China-Malaysia relationship is now at an important stage of opening up the future and faces a new opportunity for further development, Chinese President Hu Jintao said here Tuesday evening when meeting with Malaysian Supreme Head of State Mizan Zainal Abidin.     At the welcoming banquet held by Mizan in Hu's honor, the two leaders expressed satisfaction with the good momentum in the development of bilateral ties, saying they are ready to work together to further deepen China-Malaysia cooperation so as to bring benefits to their people and make greater contribution to peace and development in the region. Chinese President Hu Jintao (C) and his wife Liu Yongqing pose with Malaysian Supreme Head of State Mizan Abidin (R) for a group photo during their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said that when profound and complicated changes had taken place in the region and consequences of the international financial crisis were still keenly felt, expanding strategic cooperation between China and Malaysia is not only in the common interests of both countries, but also conducive to regional stability and prosperity.     Hu said China attaches great importance to the development of its relations with Malaysia, and is ready to work together with Malaysia to lift bilateral friendly cooperation to higher stages. Chinese President Hu Jintao (3rd L, front) exchanges gifts with Malaysian Supreme Head of State Mizan Abidin (4th L, front) after their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said China and Malaysia are good neighbors, friends and partners and that the two peoples share long history of friendly exchanges.     Since the two countries established diplomatic ties 35 years ago, bilateral links have witnessed great progress, Hu said.     With the two countries having established a strategically cooperative relationship, political mutual trust has been continuously deepened and economic and trade cooperation has yielded remarkable results, bringing substantial benefits to the two peoples, Hu added. Chinese President Hu Jintao (C, front) meets with Malaysian Supreme Head of State Mizan Abidin (R, front) in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said the two sides have expanded exchanges and cooperation in various areas such as education, culture and tourism, and the two peoples have also developed mutual understanding and friendship.     The two countries have maintained close communication and coordination on major international and regional issues and have worked together to safeguard the interests and rights of the developing countries, he said.     Mizan welcomes President Hu's visit to Malaysia, saying the two countries share time-honored friendship and close ties.     Mizan said his country admires the achievement of the People's Republic of China over the past six decades since its founding.     He said that since the establishment of diplomatic ties 35 years ago, the two countries have carried out pragmatic cooperation in a wide range of fields, including trade, investment, tourism, agriculture, education, science and technology.     There have also been frequent exchanges of high-level visits and rapid growth of people-to-people contacts, said the Malaysian leader.     It is very important for the two countries to step up bilateral economic cooperation amid the current global economic recession, he said.     He noted that the two sides share common views and cooperate closely on many regional and international issues, which has served to safeguard the legitimate interests of the two countries and other developing countries.     Malaysia appreciates China's consistent efforts to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), he said     Malaysia and China have great potential to enhance their cooperation, he said, adding that further development of bilateral ties will be in the interests of both countries and contribute to peace and stability of the region.     President Hu arrived in Kuala Lumpur Tuesday afternoon for a state visit to Malaysia at the invitation of Mizan. During his stay, Hu will also meet with Malaysian Prime Minister Najib Tun Razak and have extensive contact with people from various sectors of Malaysia.